DEVELOPMENT PROJECTS MUSHROOM IN GULF
Gulf of Mexico area operators are setting a brisk pace in exploration and development. In the most expensive operation, Exxon Co. U.S.A. has decided to proceed with two significant ultradeep water gas development projects. Its plans involve: Mississippi Canyon Block 354, to be developed with a multiwell subsea system set in 1,500 ft of water. The project, known as Zinc, has been on the shelf since 1986 due to low prices and poor markets (OGJ, May 30, 1988, p. 32).